The Credit Control Area is an organizational unit that represents an area responsible for granting and monitoring credit. Even a payment that goes 30 days late that is reported to the credit bureaus could mean the difference between getting stuck with a high rate on a credit card or personal loan, or even getting turned down entirely if the lender has strict credit requirements, an increasing trend in today’s tight credit environment.
This can be initially looked at as a con by the consumer because it takes away their ability to charge, however in the long run this portion of the debt management plan should be viewed as a pro because it allows the client to rely more upon the income they are bringing in and will result in less overall debt that is accumulated while on the debt management program.
Since 1990, we’ve been partnering with Australia’s largest creditors within Government, Banking and Finance, Insurance, Utilities and Telecommunications to provide comprehensive commercial solutions, from pre-collection services to legal recovery and debt purchasing.
Common business risks are well understood and can be anticipated, so owners or executives having read my book Global Credit Management – an Executive Summary, for example, will undoubtedly put in place measures to ensure the durability …
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